Action Insight Daily Report 4-19-18
| Action Insight Daily Report 4-19-18 | | Australian Dollar Shrugs off Job Data Miss, Sterling Looks into Retail Sales | Commodity currencies are trading broadly higher today as led by Australian Dollar. Strong rebound in the Chinese stock markets is seen as factor helping the Aussie, as SSE is gaining more than 1% at the time of writing. Canadian Dollar is also recovering some of yesterday's post-BoC loss. Sterling, on the other hand, is back under some pressure. But it's the Japanese that's weakest so far today. For the week up to this point, Swiss Franc is trading as the weakest one while Aussie is the strongest. |  | AUD/USD Daily Outlook Daily Pivots: (S1) 0.7752; (P) 0.7775; (R1) 0.7805; More... Breach of 0.7809 temporary top suggests rebound from 0.7642 is resuming. Intraday bias in AUD/USD is back on the upside for 0.7915 resistance next. Decisive break there should confirm whole decline from 0.8135 has completed at 0.7642. In that case, further rally should be see back to retest 0.8135 high. However, break of 0.7743 minor support will turn bias back to the downside for 0.7642 low instead. |  | | GMT | Ccy | Events | Actual | Forecast | Previous | Revised | | 22:45 | NZD | CPI Q/Q Q1 | 0.50% | 0.50% | 0.10% | | | 22:45 | NZD | CPI Y/Y Q1 | 1.10% | 1.10% | 1.60% | | | 1:30 | AUD | Employment Change Mar | 4.9K | 20.3K | 17.5K | -6.3K | | 1:30 | AUD | Unemployment Rate Mar | 5.50% | 5.50% | 5.60% | 5.50% | | 1:30 | AUD | NAB Business Confidence Q1 | 7 | | 6 | 7 | | 8:00 | EUR | Eurozone Current Account (EUR) Feb | | 32.3B | 37.6B | | | 8:30 | GBP | Retail Sales M/M Mar | | -0.60% | 0.80% | | | 12:30 | CAD | ADP Payrolls Mar | | | 32.7K | | | 12:30 | USD | Initial Jobless Claims (APR 14) | | 230K | 233K | | | 12:30 | USD | Philadelphia Fed Business Outlook Apr | | 21.2 | 22.3 | | | 14:00 | USD | Leading Index Mar | | 0.30% | 0.60% | | | 14:30 | USD | Natural Gas Storage | | | -19B | | | | |
